Fannie and Freddie’s policy is designed to help the banks The Fed’s MBS purchasing program is designed to help the banks. The Fed’s QE (UST purchases) policy is designed to help the banks.

Do you see a pattern here? It’s all for the banks, which is why Marx was correct when he referred to “political economy” because the economy doesn’t operate according to free market principals. It is organized in a way that best achieves the objectives of the constituency that controls the levers of political power.”